CBRE/New England Sells Cambridge's 625 Mass Ave for $75M

CBRE/New England's Capital Markets team today announced the sale of 625 Massachusetts Avenue, a 122,104 SF, first class office and retail building in one of the world's most sought-after core markets, Cambridge, Massachusetts. The asset, which houses retail tenants such as Boston Sports Clubs, Walgreens and TD Bank and is home to WeWork's Cambridge's location, traded hands for $75 million.

Located in the one of the most dynamic and rapidly expanding neighborhoods in Cambridge, 625 Massachusetts Avenue is a true transit-oriented location that features direct access to the MBTA's Red Line at Central Station. The property is one stop from both Kendall and Harvard Squares, and four stops from downtown Boston, providing accessibility to Harvard University, MIT and over 11 million square feet of office and laboratory users. 625 Massachusetts Avenue presents the opportunity to acquire a dynamic mixed-use office and retail building in an unmatched, rapid-transit, supply-constrained global gateway market exhibiting ultra-low vacancy rates.

About Lincoln Property Company

LPC Boston is one of New England's premier full-service real estate providers, specializing in property management, brokerage, valuation & consulting, and development & construction management. With over 18 million square feet of leasing and management assignments and representing the interests of tenants in numerous lease transactions annually, Lincoln maintains a dominant presence in the Greater Boston/New England real estate market. For more information, please visit www.lpcboston.com.